TSX Closes Up 40 Pts, Led By Energy and Mining Sectors

By MidnightTrader.com Staff,

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Canada's main stock market, the Toronto Stock Exchange, closed up 40 points on Tuesday, but looked set for its highest close in more than 18 months with less than 30 minutes remaining when it touched 13,644.28, before succumbing to some late selling as investors settled their books before the end of the year.

All sectors bar Health Care (-0.2%) and Info Tech (-0.3%) were higher - with Energy (+0.5%) and Metals & Mining (+0.8%) leading the way on the resources heavy index.

Reuters reported this morning the TSX is on track for a gain of more than 9% in 2013, a "far smaller gain that those notched by the three main U.S. indices."

Mid-afternoon, Bloomberg noted the TSX was at 13,633.11, poised for the highest close since May 2011. Bloomberg also noted trading was 53% below the 30-day average at that time of day; that the TSX has risen 9.6% percent this year, on track for its largest annual gain in three years; and that the Canadian benchmark has rallied 1.8% in December, headed for its sixth straight monthly advance, the longest streak since February 2011.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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